Income Tax and the GST Credit - Exercises

  1. Help your friend to understand the GST Credit.

    Imagine that you have a friend who knows that you are studying the GST credit, so he is asking you questions about it.
    You don't have time to answer all his questions, but you can give him the pages of questions and answers, and tell him which ones to read.


Your friend asks: You tell him:

a) How much is the GST credit? Read # ____ .

b) When am I going to get my GST credit? Read # ____ .

c) My wife is applying for the GST credit. Should I too? Read # ____ .

d) I got the GST credit last year, so I'll get it again this year, won't I? Read # ____ .

e) My friend got an income tax refund. Is that a GST credit? Read # ____ .

f) Doesn't everybody get the GST credit? Read # ____ .

g) Can I get the GST credit even though I didn't send in my taxes? Read # ____ .

h) I'm living common law, so we'll each get our own GST credit, right? Read # ____ .
 

2) Definitions
  Write the number of the correct definition on each line. 

a) A tax return is ____ 1. a person you are legally married to.


b) Convenient means ____ 2. fairly small.


c) Efficient means ____ 3. a form we fill out to report our income to the government.


d) Net income means ____ 4. removed, taken away.


e) Modest means ____ 5. not wasteful.


f) A spouse is ____ 6. how much money a person receives in a year, after deductions.


g) Deducted means ____ 7. a person of the opposite or same sex who is not your spouse when you live and have a relationship with him or her*.


h) A common-law
partner
is ____
8. handy, easy to do.

*Also, one of these things must be true: he or she is the natural or adoptive parent of your child; he or she has been living with you and having a relationship with you for at least 12 consecutive months; he or she lived with you previously as your spouse or common-law partner for at least 12 consecutive months.



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